July – Hyperinflation in Germany means that 563 marks are now needed to buy a single American dollar – almost double the 263 needed eight months before, dwarfing the mere 12 needed in April1919, and even the 47 needed in December of that year.

October 3 – Rebecca L. Felton becomes the first female U.S. senator, when Georgia's governor gives her a temporary appointment, pending an election to replace Senator Thomas Watson, who had died suddenly.

In the 1922 United Kingdom general election forced by the Conservatives' withdrawal from the coalition government, the Conservative Party wins an overall majority. Labour for the first time becomes the main opposition party, winning more seats than the divided Liberals. A dining club of newly-elected Conservative Members of Parliament evolves the following year into the 1922 Committee.

Wracked by rapid inflation and political assassinations, and motivated by hostility and arrogance as well, the Weimar Republic announces its inability to pay more, and proposes a moratorium on reparations for 3 years.